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PoliticsSpaceX President Shotwell donates stock to Trump Accounts for over 2 million children
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SpaceX President and COO Gwynne Shotwell announced on July 6, 2026, via an X post that she and her husband are donating a share of their SpaceX stock to the Trump Accounts of over two million American children. The donation is part of the Invest America program and targets children aged 11–17 in lower-income areas, with a focus on those near central Texas. This comes days after President Donald Trump predicted in a CNBC interview that Elon Musk would donate SpaceX stock to the program. Musk, who became a trillionaire after SpaceX's record-breaking IPO, has not publicly commented. Shotwell joins other high-profile donors, including Michael and Susan Dell ($6.25 billion) and Micron ($250 million). Trump Accounts are government-seeded retirement-style accounts created under a Republican tax law, providing $1,000 per child born between 2025 and 2028.
Source report
Gwynne Shotwell, president and COO of SpaceX, announced she and her husband are donating company stock to the Trump Accounts program, days after President Donald Trump predicted the rocket maker's shares would be directed into the children's savings initiative.
Announcement Details
On Monday, Shotwell posted on X that she and her husband are "honored and thrilled" to gift a share of their SpaceX stock to Trump Accounts for more than 2 million American children.
"Every American child under 18 can benefit from having a Trump…" — Gwynne Shotwell (@Gwynne_Shotwell), July 6, 2026
The donation specifically targets children aged 11 to 17 living in areas with lower average household incomes, Shotwell said, "with a bit more emphasis" on those near the couple's home in central Texas.
"We have been fortunate in our careers and hope this gift encourages the next generation to continue the journey of enabling humanity to live and fly amongst the stars," she wrote.
Background
The announcement comes days after Trump told CNBC that he expects Elon Musk to donate SpaceX stock to the program.
"Well, I think that he will do that," the president said.
Musk, who briefly became the world's first trillionaire following SpaceX's record-breaking IPO last month, has yet to make any public comment.
Trump described his relationship with Musk as strong, characterizing their past falling-out as a "little dispute" over the president's decision to remove subsidies and mandates for electric vehicles. Prior to that, Musk had backed Trump's presidential campaign and later spearheaded an initiative to cut government spending.
Growing Support for Trump Accounts
Shotwell, SpaceX's longtime chief operating officer and Musk's second-in-command, joins a growing list of executives and companies backing the accounts, including:
- Michael and Susan Dell — pledged $6.25 billion
- Micron — committed $250 million
- BlackRock, Intel, and JPMorgan Chase — said they will match the government's $1,000 deposit
About Trump Accounts
Created under last year's Republican tax and spending law, Trump Accounts:
- Are seeded with $1,000 from the Treasury for every American child born between January 1, 2025, and December 31, 2028
- Convert into retirement-style accounts when the child turns 18
Source
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SpaceX President Gwynne Shotwell Donates Stock to Trump Accounts for Children